Augusta Closes $32.5 Million Share Offering

Augusta Resource Corporation (TSX:AZC)(NYSE Amex:AZC) reported that the company has closed the $32.5 million bought deal financing, announced February 23, 2010.

The press release is quoted as saying:

Augusta plans to use the net proceeds of this financing to advance the development of the Rosemont Copper property located in Pima County, Arizona and for general working capital purposes.

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